Accord is cutting its 90% LTV mortgages by up to 0.25 percentage points.

The intermediary-only lender, which is part of Yorkshire Building Society Group, has cut its five-year fixed rate mortgages for customers with a 90% loan-to-value (LTV) by up to 0.25 percentage points and its two-year fixed rates for 90% LTV customers by 0.10 percentage points.

Highlights include a rate of 3.39%, fixed for two years, with a £345 product fee and five-year fixed rate of 3.94%, which has an £845 product fee.

David Robinson, national intermediary sales manager for Accord Mortgages, said: “We think it is important to ensure that first-time buyers have access to competitive rates, which is why we’ve taken the decision to cut rates for the 90% LTV bracket.

“We hope they will prove popular with brokers with customers who have smaller deposits and are looking for a new mortgage.”